Share price of Varun Beverages falls as Sensex drops 104.03 points
Varun Beverages Ltd. dropped 1.31 per cent to Rs 1030.65 at 01:39PM (IST) in Friday's trade. The scrip hit a high of Rs 1044.25 and low of Rs 1021.45 so far during the session.
The stock had closed at Rs 1044.3 in the previous session.
The counter had a total traded volume of 01:39PM shares so far with a turnover of Rs 2.04 crore on BSE. The stock traded at a price-to-earnings multiple of 67.01 and a price-to-book ratio of 16.84.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Varun Beverages Ltd.
belongs to the FMCG Food & Beverages industry.
Promotor/FII Holding Promoters held 63.1 per cent stake in the company as of 30-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 27.55 per cent and 3.36 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 3889.02 crore for the quarter ended 30-Sep-2023, down 31.2 per cent from the previous quarter's Rs 5653.0 crore and down 22.02 per cent from the year-ago quarter's Rs 3187.24 crore.
